Housing Prices in 48202, MI
How much do homes in 48202, MI cost?
Median List Price
$224,500
$134/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 48202 has decreased by 15.3% since last year.
Summary: The median home list price in 48202 was $224,500 in March 2024, down 15.3% from the previous year, and the median price per square foot was $134.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $182.5K | -11.0% |
| 2 Bedrooms | $281K | $279.9K | -0.4% |
| 3 Bedrooms | $250K | $219K | -12.4% |
| 4 Bedrooms | $265K | $207.4K | -21.7% |
| 5+ Bedrooms | $292K | $299.5K | +2.6% |
Summary: 48202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 48202, MI
How many homes are available in 48202, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 73 | +15.9% |
Summary: The 48202 real estate market had 73 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 48202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes decreased by 7.1%.
Days on Market for 48202, MI
How long does it take to sell a home in 48202, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 175 Days | 121 Days | -31.0% |
Summary: Homes in 48202 had an average listing age of 121 days in Mar 2024, down by 31% compared to the previous year.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.